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Firewall Management Market in software segment to grow at a significant rate till 2024 owing to Increasing awareness about security solutions

Author : Ronak Bora | Published Date : 2019-03-22 

Global Firewall Management Market can be segmented by type to include software and hardware. Software segment is expected to dominate in terms of market share and is expected to experience a high growth during the forecast time span. These allow thigher security, user customization, and more control over its function and protection features. Hardware systems in the firewall management market are pre-configured by the vendor to prevent unauthorized access to a wireless or wired network from intruders. These are effective with little to no configuration. Increasing number of compliance and regulatory mandates is further driving the firewall management market growth. 

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Segmentation of the firewall management market based on organization size is bifurcated into SMEs and large enterprises. Policy-driven regulations and the increasing awareness of safeguarding the organization’s client data are anticipated to be major factors prompting the high growth of the SME firewall management market segment.

Increasing number of compliance and regulatory mandates is further driving the firewall management market growth. For instance, the PCI DSS, North American Electric Reliability Corporation (NERC) and the National Institute of Standards and Technology (NIST) have established configuration standards that include a list of requirements for a firewall at each internet connection.

Players operating in the global firewall management market undertake various business strategies to augment their growth and capture a larger market share. Companies operating in the firewall management market include Cisco, McAfee, Check Point Technologies Ltd., Zscaler, Inc., Palo Networks, Inc., Juniper Networks, Inc., Kaspersky Lab, Barracuda Networks Inc., and Comodo Group. 

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Firewall Management Market size is anticipated to witness substantial growth during the forecast time span owing to rising instances of security breaches by unauthorized external agents. Intruders can gain access to a system for malicious purposes such as extraction of sensitive information, remote login, session hijacking, DDoS attack, trojan backdoor, or cookie theft.

The complexity of an organization’s network can lead to errors in analyzing the scalability of the security system and hamper the firewall management market growth. Many organizations have multiple vendor deployments as opposed to single vendor deployments, which can further increase the complexity of an organization’s security system.

The transition toward IPv6 is a key reason furthering the firewall management market owing to interconnectivity between various appliances and smart devices. Furthermore, the rise of IoT and smart technology will lead to the rise in smart systems. For instance, CUJO is a smart plug-and-play firewall system that acts as a bridge between the device and the internet. It has a supporting mobile app for the monitoring and control of its activity.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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